Overview
Insurance can help organization manage the risks of relatively rare, but expensive events, throughout their employee life such as car accident, theft or fire. Without the protection of an insurance policy, one is responsible for covering the loss one experienced.
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Assets and Inventories Common ► Insurance ► Insurance Policy
Insurance Policy screen Fields
Field | Description |
Id | Unique identification code for the Insurance Policy. |
Workflow Status | Workflow Status of the record is shown. |
| Fiscal year | By default current fiscal year, Selects fiscal year from the dropdown menu list. |
| Fiscal Period | By default current fiscal period, Selects fiscal period from the dropdown menu list. |
Institution Code | Institution Code is selected from lookup button. |
Insurance Company | Insurance company involved is selected from lookup button. |
Agent | Insurance Agent is selected from lookup button. |
Insurance Type | Type of insurance is selected from drop down box. |
Policy Number | Insurance Policy number is entered in this field. |
Issue Date | Issue date of the insurance is selected from calendar button. |
Effective Date | Effective date of the insurance is selected from calendar button. |
Expiration Date | Expire Date of the insurance is selected from calendar button. |
Days of Grace to Renew | Days of grace to renew is entered in this field. |
Renewable | Whether the policy is renewable, is mentioned in this field by checking or unchecking the check box. |
Renewal Date | Renewable Date is shown in this field. |
Employee | Employee for whom the policy is taken, is selected from lookup button. |
Purchase Order | Purchase Order is selected from lookup button. |
Currency | Currency use is selected from drop down box. |
Exchange Rate | Exchange Rate for the currency generated by the system. |
Premium Amount(Domestic) | Amount of insurance premium expressed in domestic currency. |
Premium Amount(Foreign) | Amount of insurance premium expressed in foreign currency. |
Coverage Amount(Domestic) | Coverage amount of the insurance policy expressed in domestic currency. |
Coverage Amount(Foreign) | Coverage amount of the insurance policy expressed in foreign currency. |
Deductible Amount(Domestic) | Deductible amount of the insurance policy expressed in domestic currency. |
Deductible Amount(Foreign) | Deductible amount of the insurance policy expressed in foreign currency. |
Language | Country specific language is selected from drop down box. |
Coverage Terms | Coverage Terms are mentioned in this field. |
Exclusions | Exclusions are mentioned in this field. |
| Renewal Terms | Renewal Terms of the Insurance Policy |
Insurance Policy Operational Status | Operational Status of the Insurance Policy is selected from the drop down box. |
Renewed Insurance Policy | If it is a renewed insurance policy, Name of the Insurance policy is mentioned renewed is mentioned in this field. |
Automatically Renewed Insurance Policy | Name of automatically renewed insurance policy is mentioned in this field. |
Created By | Users by whom Insurance Policy is created. |
Created Date | Date of creation of the Insurance policy. |
Approved By | Users by whom the Insurance Policy is approved. |
Approved Date | Date of approval of the Insurance Policy is emntioned in this field. |
Insurance Policy Warehouse Tab | Records of warehouse is added from this tab. |
Insurance Policy Asset Item Tab | Records of Asset item is added from this tab. |
Insurance Policy Employee Tab | Records of employee is added from this tab. |
Insurance Policy Payment Tab | Records of payment is added from this tab. |
Attachments Tab | Attachments required are added from this tab. |
Overview
System allows to attach files to support the Insurance Policy.
Attachments Tab screen fields
| Field | Description |
ID | Consecutive number auto generated by the system. It will be unique within the system. |
| Attachment Classification | Reference to attachment classification. |
| Language | Country specific language for the title and description. |
| Title | Title of the Attachments. |
| Description | Description of the attachments. |
| Attachment | System allow to selete and upload supporting file. File type can be: pdf, doc, xls, jpg, etc. |
| Date Time | Date and Time of the last operation performed on the attachment document. Visible for the user. Automatically assigned by the system. |
| Date | Uploading Date of the attachment. |
| User | Last user who uploaded or updated the document. Visible for the user. Automatically assigned by the system. |
| Language | Mandatory field, language of the document. The system will suggest the default language; however the user can change such language. |
Overview
Insurance Policy Asset Item entity contains all insured Asset Items by an Insurance Policy.
Insurance Policy Asset Item tab screen fields
| Fields | Description |
| Asset Item | Asset item that covered under the Insurance policy |
| Policy Amount Dc | Default value is 0.00 The amount of coverage of insured warehouse. Should be equal or greater than 0.00 |
| Policy Amount Fc | Default value is 0.00 The amount of coverage of insured warehouse in foreign currency. Should be equal or greater than 0.00 |
| Deductible Amount(Domestic) | The amount which insured agree to pay, per claim or per accident. This is subtracted from the total amount paid by the insurer. |
| Deductible Amount(Foreign) | The amount which insured agree to pay, per claim or per accident in foreign currency. This is subtracted from the total amount paid by the insurer. |
| Language | Language use to enter Insurance Policy Warehouse |
| Special Coverage Terms | Important terms of the Insurance Policy. |
| Insurance Policy operational status | Read Only These are the possible operational status for the insured warehouses. Possible status could be: Application Process Active Coverage Expired Cancelled |
Overview
Insurance Policy Employee entity contains all insured Employees by an Insurance Policy.
Insurance Policy Employee tab screen fields
| Fields | Description |
| Employee | Reference to selected Employee ID of insured Employee during Search Criteria filtering. |
| Policy Amount Dc | Default value is 0.00 The amount of coverage of insured warehouse. Should be equal or greater than 0.00 |
| Policy Amount Fc | Default value is 0.00 The amount of coverage of insured warehouse in foreign currency. Should be equal or greater than 0.00 |
| Deductible Amount(Domestic) | The amount which insured agree to pay, per claim or per accident. This is subtracted from the total amount paid by the insurer. |
| Deductible Amount(Foreign) | The amount which insured agree to pay, per claim or per accident in foreign currency. This is subtracted from the total amount paid by the insurer. |
| Language | Language use to enter Insurance Policy Warehouse |
| Special Coverage Terms | Important terms of the Insurance Policy. |
| Insurance Policy operational status | Read Only These are the possible operational status for the insured warehouses. Possible status could be: Application Process Active Coverage Expired Cancelled |
Overview
This entity is related with Insurance Policy and it will only store information related with any Insurance Payment received.
Insurance Policy Payment tab screen fields
| Fields | Description |
| Insurance Claim | Insurance Claim ID of Insurance Claim. |
| Received Amount Domestic | Received Amount Domestic Zero by default. Should be greater than 0.00 |
| Received Amount Foreign | Received Amount Foreign Zero by default. Should be greater than 0.00 |
| Last Updated Date Time | Display only attribute. Automatically populated by the system when user updates this information. |
| Last Updated By | Display only information. Automatically populated by the system when current user saves or update this information. |
| Language | Language use to enter the Insurance Policy Payment |
| Description | Description of the Insurance Policy Payment received. |
Zero by default. Should be greater than 0.00 |
Overview
Insurance Policy Warehouse entity contains all insured Warehouses by an Insurance Policy.
Insurance Policy Warehouse screen fields
| Fields | Description |
| Warehouse | Warehouse institution for the Insurance policy |
| Policy Amount Dc | Default value is 0.00 The amount of coverage of insured warehouse. Should be equal or greater than 0.00 |
| Policy Amount Fc | Default value is 0.00 The amount of coverage of insured warehouse in foreign currency. Should be equal or greater than 0.00 |
| Deductible Amount(Domestic) | The amount which insured agree to pay, per claim or per accident. This is subtracted from the total amount paid by the insurer. |
| Deductible Amount(Foreign) | The amount which insured agree to pay, per claim or per accident in foreign currency. This is subtracted from the total amount paid by the insurer. |
| Language | Language use to enter Insurance Policy Warehouse |
| Special Coverage Terms | Important terms of the Insurance Policy. |
| Insurance Policy operational status | Read Only These are the possible operational status for the insured warehouses. Possible status could be: Application Process Active Coverage Expired Cancelled |